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Lawmakers prepare to work through the weekend to reach a debt deal and avoid a U.S. default. What will it take to break the stalemate and how would a default impact Americans? Plus, how Obama, Boehner, and Reid have played it so far. Joining Gwen Ifill: Major Garrett, National Journal; Jeanne Cummings, Bloomberg News; David Wessel, The Wall Street Journal; and Karen Tumulty, The Washington Post.
On the Webcast EXTRA: Divided government: good or bad? National Journal Insiders Poll. Also, does it feel like it is “old school” politics vs. “new school” in Washington? Plus, in the middle of the debt crisis, Wall Street stays optimistic and Nancy Pelosi keeps the Democrats in line.